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Oracle Corp. Q3 Profit Decreases, misses estimates

Oracle Corp. (ORCL) reported earnings for third quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $2.32 billion, or $0.84 per share. This compares with $5.02 billion, or $1.68 per share, in last year's third quarter.

Excluding items, Oracle Corp. reported adjusted earnings of $3.10 billion or $1.13 per share for the period.

Analysts on average had expected the company to earn $1.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.2% to $10.51 billion from $10.09 billion last year.

Oracle Corp. earnings at a glance (GAAP) :

-Earnings (Q3): $2.32 Bln. vs. $5.02 Bln. last year.
-EPS (Q3): $0.84 vs. $1.68 last year.
-Analyst Estimates: $1.18
-Revenue (Q3): $10.51 Bln vs. $10.09 Bln last year.

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